Macquarie Infrastructure Corp (MIC) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in Macquarie Infrastructure Corp (NYSE:MIC) by 176.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,921 shares of the conglomerate’s stock after acquiring an additional 21,026 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Macquarie Infrastructure were worth $2,376,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Verition Fund Management LLC bought a new position in Macquarie Infrastructure in the second quarter valued at about $404,000. Principal Financial Group Inc. lifted its holdings in Macquarie Infrastructure by 0.6% in the second quarter. Principal Financial Group Inc. now owns 2,468,616 shares of the conglomerate’s stock valued at $193,540,000 after acquiring an additional 14,255 shares during the period. Swiss National Bank lifted its holdings in Macquarie Infrastructure by 3.2% in the second quarter. Swiss National Bank now owns 284,300 shares of the conglomerate’s stock valued at $22,289,000 after acquiring an additional 8,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in Macquarie Infrastructure by 25.3% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 26,446 shares of the conglomerate’s stock valued at $2,073,000 after acquiring an additional 5,332 shares during the period. Finally, Overbrook Management Corp lifted its holdings in Macquarie Infrastructure by 3.6% in the second quarter. Overbrook Management Corp now owns 598,148 shares of the conglomerate’s stock valued at $46,895,000 after acquiring an additional 20,688 shares during the period. 76.41% of the stock is currently owned by institutional investors.

Shares of Macquarie Infrastructure Corp (NYSE:MIC) opened at $64.89 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.07 and a quick ratio of 0.93. The company has a market capitalization of $5,487.36, a PE ratio of 30.46 and a beta of 0.86. Macquarie Infrastructure Corp has a 1 year low of $63.08 and a 1 year high of $83.48.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Macquarie Infrastructure from a “buy” rating to a “hold” rating in a report on Saturday, November 18th. SunTrust Banks lowered their target price on Macquarie Infrastructure to $75.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $83.75.

In other Macquarie Infrastructure news, Director Norman H. Brown, Jr. sold 1,732 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $65.87, for a total value of $114,086.84. Following the completion of the sale, the director now owns 49,076 shares in the company, valued at $3,232,636.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Norman H. Brown, Jr. sold 2,151 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $66.07, for a total value of $142,116.57. Following the completion of the sale, the director now owns 46,925 shares of the company’s stock, valued at approximately $3,100,334.75. The disclosure for this sale can be found here. Corporate insiders own 5.90% of the company’s stock.

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About Macquarie Infrastructure

Macquarie Infrastructure Corporation owns and operates a group of businesses that provide services, such as bulk liquid terminalling and handling services. The Company operates through four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power (CP) and MIC Hawaii. Its group of businesses also provides services, such as aircraft fueling, CP generation and utility gas services.

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Institutional Ownership by Quarter for Macquarie Infrastructure (NYSE:MIC)

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